Rosslyn Data Technologies PLC (LON:RDT) rose on Tuesday after the big data group said it has won contracts with two multi-national companies worth more than £0.6mln.
The contracts are for delivery of procurement and supply chain analytics solutions to more effectively manage costs, compliance and risks.
One of the new clients is a sustainable technologies business that employs 15,000 people around the world.
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Rosslyn said the client wants a better understanding of global procurement performance by supplier, by site and also the impact of price changes on profits, which the firm's RAPid platform “was able to meet comfortably”.
The other customer is an insurer with operations in 140 countries. It is also implementing the RAPid platform along with Savings Tracker, which allows teams to track projects, and forecast and track savings.
“These wins demonstrate our ability to win clients in competitive processes across various industry sectors, including clients with very specific needs in their procurement functions,” said chief executive Roger Bullen.
“It is a further validation that our RAPid Analytics Platform is the technology of choice for companies serious about leveraging the value of their data to improve business performance.”
In afternoon trading, Rosslyn shares were 1.4% higher at 7.25p.
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